Pacific Premier Bancorp, Inc. (PPBI) (the “Company,” “Pacific Premier,” “we,” “us” or “our”), the holding company of Pacific Premier Bank (“Pacific Premier Bank”), and Grandpoint Capital, Inc. (OTC Pink: GPNC) (“Grandpoint”) today announced they have entered into a definitive agreement under which Pacific Premier will acquire Grandpoint in an all-stock transaction valued at approximately $641.2 million, or $18.57 per share, based on a closing price for Pacific Premier’s common stock of $39.10 as of February 9, 2018.

The use of the word “unsustainable” had a distant echo this month as the League of California Cities issued a study of CalPERS rates, a move to get stronger local options for controlling rising pension costs.

In all of the discussions about the political weaponization of the Department of Justice (DOJ) and the FBI, alleged corruption at the highest echelons of those agencies and serial abuse of the secret FISA process surrounding the 2016 election, one name has been conspicuously absent: President Barack Obama.